[BIGLOOK]

Got a moment for a quick question?

When I talk to my brother, he usually scoffs at politics and steers away from any discussions of policies and the people that enact them. But on Sunday, he told me he got heads up that Speaker Pelosi was about to introduce a bill that would tax (as income I suspect) IRAs, Roths, 401ks. Since he's nearing retirement and looking forward to the rewards of his labor and savings, he went through the roof at this news.

Is there anything to this.....or just a rumor?

[endthematrix]

Suposedly chain email rumor

http://www.snopes.com/politics/soapbox/pelosi.asp

[SAJ]

With respect, I think that there is not the SLIGHTEST doubt that Bela Pelosi intends to try to tax Roths, IRAs, SEPs, the lot, in advance of the 59.5 year time when people can withdraw them w/o penalty. Likely something odious like an ''asset tax'', wherein one is charged 1% or something, per annum, on the value of the retirement account.

With a 'Rat president, Hitlery or Osamabama,, she will probably succeed in the upcoming term after January. With McQueeg, who is for all intents and purposes a 'Rat, but at least (on his record so far) a generally anti-tax 'Rat, she might not.

My advice to your brother? Start moving assets offshore, in very small increments, $1000-2000-3000 at a time. And do NOT wait around for the hammer to fall.

Just my thoughts on the matter. No guarantees attached as to accuracy.

FReegards to you!